Vanguard Group Inc. Reduces Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Vanguard Group Inc. lowered its position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,870,510 shares of the company's stock after selling 228,387 shares during the period. Vanguard Group Inc. owned approximately 4.92% of Select Water Solutions worth $77,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after buying an additional 1,007 shares during the period. Amundi boosted its holdings in Select Water Solutions by 83.8% in the fourth quarter. Amundi now owns 9,010 shares of the company's stock valued at $119,000 after purchasing an additional 4,109 shares during the period. Truist Financial Corp acquired a new position in Select Water Solutions during the 4th quarter worth $134,000. Atria Investments Inc acquired a new position in Select Water Solutions during the 4th quarter worth approximately $134,000. Finally, James Investment Research Inc. purchased a new stake in Select Water Solutions during the fourth quarter worth approximately $137,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup raised their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, January 10th.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total transaction of $349,398.00. Following the transaction, the chief executive officer now directly owns 2,898,578 shares of the company's stock, valued at $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.40% of the stock is owned by company insiders.

Select Water Solutions Price Performance

Select Water Solutions stock traded up $0.15 during mid-day trading on Wednesday, reaching $8.41. The company had a trading volume of 152,121 shares, compared to its average volume of 1,095,222. Select Water Solutions, Inc. has a 1 year low of $7.58 and a 1 year high of $15.14. The company has a market capitalization of $1.00 billion, a P/E ratio of 28.06 and a beta of 1.51. The stock's 50-day simple moving average is $10.58 and its 200-day simple moving average is $12.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The firm had revenue of $349.05 million for the quarter, compared to analysts' expectations of $333.62 million. On average, equities analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's dividend payout ratio (DPR) is 93.33%.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.